§ 29. Mr. Freudasked the Chancellor of the Exchequer what tax is payable at present by a single man earning £40 gross; and what tax was payable on the same amount of earnings in real terms in March in each year from 1978 to 1981.
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§ Mr. Bruce-GardyneThe current tax liability of a single man earning £40 a week gross is £4.07.
It is not possible to give comparable figures for tax on gross earnings of £40 per week at constant prices in the month of March in previous years until the RPI for the current month is know.
However, following my right hon. and learned Friend's Budget Statement, as from April the tax liability of a single person earning £40 a week gross will be £2.97.